Technavio Announces the Publication of its Research Report Global Construction Robots Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Construction Robots Market: Brokk, Fujita, and ULC Robotics.
Other Prominent Vendors in the market are: Construction robotics, Hanool robotics, Skanska, Taisei, and Shimizu.
Commenting on the report, an analyst from Technavios team said: Modular construction technology is a building process, which involves the assembly of pre fabricated modules. The work process starts by creating a modular design of the construction project. These modules are produced in a factory, and are assembled on the construction site. Concepts of mass customization can be applied along with automation and robots in construction and building projects.
According to the report, urbanization is the strongest indicator for a country's economic growth, development, and modernization. High demand for offices, manufacturing facilities, recreation spaces, and hotels will continue to drive the spending in the forecast period. This has led to increased demand for higher use of construction equipment, boosting the growth of the construction robots market.
Browse Detail Report With TOC @
Further, the report states that construction companies worldwide are hesitant to implement automation and robots in the construction industry because of high initial cost, need for greater financial investment in R&D, and risks associated with the implementation of these technologies in construction sites.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors in the report global robotics construction robots market...